This week, several altcoins are poised for significant movements, driven by ecosystem-specific developments. Here's a breakdown of the top 5 altcoins with notable events to watch: Chainlink (LINK), Injective (INJ), Cardano (ADA), Lido Finance (LDO), and Ripple (XRP).
Chainlink Rewards Season 1
On November 3, Chainlink announced its first rewards season, launching on November 11. This initiative allows LINK stakers to earn Cubes, which can be allocated to claim tokens from up to nine Chainlink Build projects. The program builds on the success of Season Genesis, where Space and Time made 100M SXT tokens available to eligible stakers. This season promises a more advanced engagement and claiming mechanism.
Injective's Altria Upgrade
Injective's INJ token is set to move with the Altria Upgrade on November 11. This upgrade, one of the network's largest, follows Proposal (IIP-583) and aims to revolutionize the layer one sector with real-time transaction speeds and instant finality. The INJ price has already surged by almost 12% ahead of the upgrade.
Cardano Summit 2025 in Berlin
Cardano community members are eagerly awaiting the Cardano Summit in Berlin on November 12. The event will feature over 75 speakers exploring the future of enterprise blockchain. Significant announcements could impact the ADA price, which has already seen a 6% increase in anticipation.
Lido Finance Token Holder Update
Lido Finance's LDO price may experience volatility around the token holder update on November 11. These updates typically involve governance changes and protocol adjustments, which could have broader implications for the DeFi space, given Lido's substantial total value locked.
Ripple Price and the Canary Capital XRP ETF
The Ripple price could benefit from the potential launch of the Canary Capital XRP ETF on November 13, pending Nasdaq approval. This development could provide a boost to the XRP price, as the SEC's final deadline for Franklin Templeton's XRP ETF is also this week, on November 14.
